Future Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
CRUDE OIL Aug 2020 (NYMEX:CL.Q20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CL.Q20
The long term trend has been DOWN since May 23rd, 2019 at 56.44
The intermediate term trend has been DOWN since Jul 16th, 2019 at 54.79
The short term trend has been UP since Aug 20th, 2019 at 52.43
Smart Scan Analysis for CL.Q20
Based on a pre-defined weighted trend formula for chart analysis, CL.Q20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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